HSBC Institutional Trust Services, in its capacity as trustee of CapitaLand Retail China Trust (CRCT), has entered into a conditional equity interests transfer agreement to divest its entire equity interest in Wuhan New Min Zhong Le Yuan Co to an unrelated third party for a consideration of RMB258.0 million ($52.6 million).

The agreement was signed on Jan 11 by HSBC Institutional Trust Services’ wholly-owned subsidiary Somerset (Wuhan) Investments.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook